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Webster Financial (Webster Financial) Tax Rate % : 16.34% (As of Dec. 2023)


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What is Webster Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Webster Financial's Tax Expense for the three months ended in Dec. 2023 was $36.22 Mil. Webster Financial's Pre-Tax Income for the three months ended in Dec. 2023 was $221.62 Mil. Therefore, Webster Financial's Tax Rate % for the quarter that ended in Dec. 2023 was 16.34%.

Webster Financial Tax Rate % Historical Data

The historical data trend for Webster Financial's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Webster Financial Tax Rate % Chart

Webster Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.36 21.20 23.41 19.26 19.98

Webster Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.95 21.05 18.66 16.34 24.27

Webster Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Webster Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=216.664/1084.504
=19.98 %

Webster Financial's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=36.222/221.615
=16.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Webster Financial Tax Rate % Related Terms

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Webster Financial (Webster Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Webster Financial Corp (NYSE:WBSpECL.PFD) » Definitions » Tax Rate %
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FHN CBSH CMA CFR WAL BPOP PNFP ZION WTFC PB NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
WBSPG.PFD:USA WBSpF.PFD:USA WBS:USA
Address
200 Elm Street, Stamford, CT, USA, 06902
Website
https://www.websterbank.com
Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.